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Goldman Sachs forecasts India's household savings will inject $9.5 trillion into financial assets by 2035.
Goldman Sachs predicts that India's household savings will generate $9.5 trillion into financial assets over the next decade, up from 11.6% to 13% of GDP.
About $4 trillion will go to long-term savings products like insurance and pensions, with $0.8 trillion in equities and mutual funds, and $3.5 trillion in bank deposits.
This shift from physical to financial assets is expected to support long-term bond markets and increase retail investment in capital markets.
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Goldman Sachs pronostica que los ahorros de los hogares de la India inyectarán 9.5 billones de dólares en activos financieros para el año 2035.